Nissan is open to working with new partners after merger talks with Honda foundered, two people familiar with its thinking said on Thursday, with Taiwan's Foxconn seen as one candidate. The struggling Japanese automaker is again at a crossroads after backing out of negotiations with bigger rival Honda to create the world's No.

Nissan CEO Makoto Uchida informed Honda counterpart Toshihiro Mibe that the company would end merger discussions after Honda proposed making Nissan a subsidiary, Reuters reported on Thursday. The two Japanese automakers had signed a memorandum of understanding (MOU) in December to explore an integration under a holding company,